Quantum computing stocks could see higher highs, we said on December 23.
Quantum computing could be used to discover new drugs, much quicker than previously imagined. For example, according to ZDNet.com, the discovery of new drugs relies on molecular simulation, which is complex and time-consuming with all of the calculations needed. Quantum computing may even be able to help advance artificial intelligence, machine learning, financial modeling, cybersecurity, batteries, and even help with the green energy boom.
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We also highlighted opportunity in related stocks including: Over the last few months, QUBT exploded from about 68 cents to a recent high of $17.62. And it could push even higher, as quantum computing excitement builds. Helping, the company was recently awarded a NASA contract to “utilize Dirac-3, its entropy quantum optimization machine, to support the space agency’s advanced imaging and data processing demands,” as noted by Seeking Alpha. |
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Company: Rigetti Computing (SYM: RGTI) We also highlighted opportunity in RGTI after it ran from about $1 to a high of $9.37. Today, it trades at $16.85 and could also race even higher. Helping, State Street just said it picked up 310,000 shares of the RGTI stock in the third quarter of 2024. |
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Elon Musk Predicts MAJOR Crisis in Trump’s First Year
“This is Shocking to Me!” – Donald Trump
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ETF: Defiance Quantum ETF (SYM: QTUM) We also highlighted the Defiance Quantum ETF (SYM: QTUM), which traded at $77.50 in late December. Now up to $82, it’s another hot quantum idea that could race to higher highs, with the quantum computing story just starting to heat up. With an expense ratio of 0.4%, the ETF holds 73 related stocks, including D-Wave Quantum, Ionq Inc., Rigetti Computing, Tower Semiconductor and Palantir Technologies to name just a few of the top ones. |
